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Allowance for Credit Losses (Tables) | 12 Months Ended
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Dec. 31, 2023
Allowance for Credit Loss [Abstract] |
Summary of Allowance for Credit Losses by Loan Segment | The following tables summarize the activity in the allowance for credit losses by loan segment for the year ended December 31, 2023.
|  | Beginning balance |  |  | Impact of adopting ASC 326 |  |  | Allowance for credit loss on PCD acquired loans |  |  | Charge-offs |  |  | Recoveries |  |  | Provision for credit losses |  |  | Ending balance |
(In Thousands) |  | For the Year Ended December 31, 2023 |
Allowance for credit losses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Agriculture and farmland |  | $ | 279 |  |  | $ | (190 | ) |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | (77 | ) |  | $ | 12 |
Construction |  |  | 274 |  |  |  | 513 |  |  |  | 39 |  |  |  | — |  |  |  | — |  |  |  | 133 |  |  |  | 959 |
Commercial & industrial |  |  | 583 |  |  |  | 283 |  |  |  | 303 |  |  |  | (200 | ) |  |  | 1 |  |  |  | 1,970 |  |  |  | 2,940 |
Commercial real estate |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Multifamily |  |  | 480 |  |  |  | 340 |  |  |  | 97 |  |  |  | — |  |  |  | — |  |  |  | 566 |  |  |  | 1,483 |
Owner occupied |  |  | 635 |  |  |  | 760 |  |  |  | 1,816 |  |  |  | — |  |  |  | — |  |  |  | 3,361 |  |  |  | 6,572 |
Non-owner occupied |  |  | 1,116 |  |  |  | 3,195 |  |  |  | 1,937 |  |  |  | — |  |  |  | — |  |  |  | (475 | ) |  |  | 5,773 |
Residential real estate |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
First liens |  |  | 1,029 |  |  |  | 635 |  |  |  | 42 |  |  |  | — |  |  |  | 54 |  |  |  | 3,018 |  |  |  | 4,778 |
Second liens and lines of credit |  |  | 218 |  |  |  | 140 |  |  |  | 64 |  |  |  | — |  |  |  | 61 |  |  |  | 589 |  |  |  | 1,072 |
Municipal |  |  | 12 |  |  |  | (2 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 69 |  |  |  | 79 |
Consumer |  |  | 40 |  |  |  | (19 | ) |  |  | 5 |  |  |  | — |  |  |  | — |  |  |  | 73 |  |  |  | 99 |
Total |  | $ | 4,666 |  |  | $ | 5,655 |  |  | $ | 4,303 |  |  | $ | (200 | ) |  | $ | 116 |  |  | $ | 9,227 |  |  | $ | 23,767 |
Summary of Amortized Cost Basis of Nonaccrual Loans and Loans Past due Over 89 Days Still Accruing | The following table presents the amortized cost basis of nonaccrual loans and loans past due over 89 days still accruing by segments of the loan portfolio.
|  | As of December 31, 2023 |
(In Thousands) |  | Nonaccrual with No Allowance for Credit Loss |  |  | Nonaccrual with a related Allowance for Credit Loss |  |  | Total Nonaccrual |  |  | Loans past due over 89 days still accruing |
Agriculture and farmland |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Construction |  |  | 191 |  |  |  | — |  |  |  | 191 |  |  |  | — |
Commercial & industrial |  |  | 53 |  |  |  | 8 |  |  |  | 61 |  |  |  | 58 |
Commercial real estate |  |  |  |  |  |  |  |  | — |  |  |  |
Multifamily |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Owner occupied |  |  | 2,465 |  |  |  | 83 |  |  |  | 2,548 |  |  |  | 6 |
Non-owner occupied |  |  | 948 |  |  |  | 281 |  |  |  | 1,229 |  |  |  | — |
Residential real estate |  |  |  |  |  |  |  |  | — |  |  |  |
First liens |  |  | 2,346 |  |  |  | 361 |  |  |  | 2,707 |  |  |  | 149 |
Second liens and lines of credit |  |  | 294 |  |  |  | — |  |  |  | 294 |  |  |  | — |
Municipal |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Consumer |  |  | 7 |  |  |  | — |  |  |  | 7 |  |  |  | — |
Total |  | $ | 6,304 |  |  | $ | 733 |  |  | $ | 7,037 |  |  | $ | 213 |
Summary by Class of Loans, Carrying Value of Collateral Dependent Nonaccrual Loans and Type of Collateral | The following table presents, by class of loans, the carrying value of collateral dependent nonaccrual loans and type of collateral as of December 31, 2023
|  | December 31, 2023 |
(In Thousands) |  | Real Estate |  | Business Assets |  | Other |  | Total |
Agriculture and farmland loans |  | $ | — |  | $ | — |  | $ | — |  | $ | — |
Construction |  |  | 191 |  |  | — |  |  | — |  |  | 191 |
Commercial & industrial loans |  |  | — |  |  | 61 |  |  | — |  |  | 61 |
Commercial real estate loans |  |  |  |  |  |  |  |  |
Multifamily |  |  | — |  |  | — |  |  | — |  |  | — |
Owner occupied |  |  | 2,548 |  |  | — |  |  | — |  |  | 2,548 |
Non-owner occupied |  |  | 1,229 |  |  | — |  |  | — |  |  | 1,229 |
Residential real estate loans |  |  |  |  |  |  |  |  |
First liens |  |  | 2,707 |  |  | — |  |  | — |  |  | 2,707 |
Second liens and lines of credit |  |  | 294 |  |  | — |  |  | — |  |  | 294 |
Municipal |  |  | — |  |  | — |  |  | — |  |  | — |
Consumer |  |  | — |  |  | — |  |  | 7 |  |  | 7 |
|  | $ | 6,969 |  | $ | 61 |  | $ | 7 |  | $ | 7,037 |
Summary of Aging Analysis of the Recorded Investment of Past-Due Loans | The following table presents an aging analysis of the recorded investment of past due loans at December 31, 2023.
|  | December 31, 2023 |
(In Thousands) |  | 30-59 Days Past Due |  |  | 60-89 Days Past Due |  |  | 90 Days or Greater Past Due |  |  | Total Past Due |  |  | Current |  |  | Total Loans |
Agriculture and farmland |  | $ | 14 |  |  | $ | — |  |  | $ | — |  |  | $ | 14 |  |  | $ | 65,847 |  |  | $ | 65,861 |
Construction |  |  | 10 |  |  |  | — |  |  |  | 191 |  |  |  | 201 |  |  |  | 178,282 |  |  |  | 178,483 |
Commercial & industrial |  |  | 46 |  |  |  | 1 |  |  |  | 118 |  |  |  | 165 |  |  |  | 238,178 |  |  |  | 238,343 |
Commercial real estate |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Multifamily |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 180,788 |  |  |  | 180,788 |
Owner occupied |  |  | 156 |  |  |  | 2,802 |  |  |  | 137 |  |  |  | 3,095 |  |  |  | 498,637 |  |  |  | 501,732 |
Non-owner occupied |  |  | — |  |  |  | 86 |  |  |  | 1,239 |  |  |  | 1,325 |  |  |  | 579,647 |  |  |  | 580,972 |
Residential real estate |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
First liens |  |  | 719 |  |  |  | 419 |  |  |  | 872 |  |  |  | 2,010 |  |  |  | 400,423 |  |  |  | 402,433 |
Second liens and lines of credit |  |  | 279 |  |  |  | 128 |  |  |  | 97 |  |  |  | 504 |  |  |  | 70,243 |  |  |  | 70,747 |
Municipal |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 16,756 |  |  |  | 16,756 |
Consumer |  |  | 15 |  |  |  | 15 |  |  |  | 7 |  |  |  | 37 |  |  |  | 5,207 |  |  |  | 5,244 |
Total |  | $ | 1,239 |  |  | $ | 3,451 |  |  | $ | 2,661 |  |  | $ | 7,351 |  |  | $ | 2,234,008 |  |  | $ | 2,241,359 |
The following tables present an aging analysis of the recorded investment of past-due loans.
|  | December 31, 2022 |
(In Thousands) |  | 30-59 Days Past Due |  |  | 60-89 Days Past Due |  |  | 90 Days or Greater Past Due |  |  | Total Past Due |  |  | Current |  |  | Purchased Credit Impaired Loans |  |  | Total Loans |  |  | Total > 90 Days and Accruing |
Agriculture loans |  | $ | 193 |  |  | $ | 48 |  |  | $ | 149 |  |  | $ | 390 |  |  | $ | 15,201 |  |  | $ | — |  |  | $ | 15,591 |  |  | $ | 149 |
Commercial and PPP loans |  |  | 111 |  |  |  | 21 |  |  |  | 54 |  |  |  | 186 |  |  |  | 104,569 |  |  |  | — |  |  |  | 104,755 |  |  |  | 54 |
Commercial real estate loans |  |  | 863 |  |  |  | 88 |  |  |  | 190 |  |  |  | 1,141 |  |  |  | 537,546 |  |  |  | 2,227 |  |  |  | 540,914 |  |  |  | — |
Residential real estate loans |  |  | 2,474 |  |  |  | 137 |  |  |  | 1,176 |  |  |  | 3,787 |  |  |  | 246,863 |  |  |  | 182 |  |  |  | 250,832 |  |  |  | 540 |
Consumer loans |  |  | 254 |  |  |  | 58 |  |  |  | — |  |  |  | 312 |  |  |  | 9,745 |  |  |  | — |  |  |  | 10,057 |  |  |  | — |
Municipal loans |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 5,466 |  |  |  | — |  |  |  | 5,466 |  |  |  | — |
Total |  | $ | 3,895 |  |  | $ | 352 |  |  | $ | 1,569 |  |  | $ | 5,816 |  |  | $ | 919,390 |  |  | $ | 2,409 |  |  | $ | 927,615 |  |  | $ | 743 |
Summary of Classes of the Loan Portfolio Summarized by the Internal Risk Rating System | The following table presents the classes of the loan portfolio summarized by the internal risk rating system as of December 31, 2023.
|  | December 31, 2023 |
|  | Term Loans Amortized Cost Basis by Origination Year |  |  |  |  |  |  |  |  |  |
(In Thousands) |  | 2023 |  |  | 2022 |  |  | 2021 |  |  | 2020 |  |  | 2019 |  |  | Prior |  |  | Revolving loans amortized cost basis |  |  | Revolving loans converted to term |  |  | Total |
Agriculture and farmland |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass |  | $ | 1,466 |  |  | $ | 14,372 |  |  | $ | 9,613 |  |  | $ | 5,147 |  |  | $ | 2,319 |  |  | $ | 22,627 |  |  | $ | 5,114 |  |  | $ | 29 |  |  | $ | 60,687 |
Special mention |  |  | — |  |  |  | — |  |  |  | 30 |  |  |  | — |  |  |  | 811 |  |  |  | 1,206 |  |  |  | 342 |  |  |  | — |  |  |  | 2,389 |
Substandard or lower |  |  | 13 |  |  |  | — |  |  |  | 15 |  |  |  | 121 |  |  |  | — |  |  |  | 2,576 |  |  |  | 60 |  |  |  | — |  |  |  | 2,785 |
Total Agriculture and farmland |  | $ | 1,479 |  |  | $ | 14,372 |  |  | $ | 9,658 |  |  | $ | 5,268 |  |  | $ | 3,130 |  |  | $ | 26,409 |  |  | $ | 5,516 |  |  | $ | 29 |  |  | $ | 65,861 |
Agriculture and farmland |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current period gross charge-offs |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Construction |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass |  |  | 64,460 |  |  |  | 52,888 |  |  |  | 30,993 |  |  |  | 3,057 |  |  |  | 5,244 |  |  |  | 5,816 |  |  |  | 14,424 |  |  |  | 1,317 |  |  |  | 178,199 |
Special mention |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 93 |  |  |  | — |  |  |  | 93 |
Substandard or lower |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 98 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 93 |  |  |  | 191 |
Total Construction |  |  | 64,460 |  |  |  | 52,888 |  |  |  | 30,993 |  |  |  | 3,155 |  |  |  | 5,244 |  |  |  | 5,816 |  |  |  | 14,517 |  |  |  | 1,410 |  |  |  | 178,483 |
Construction |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current period gross charge-offs |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Commercial & industrial |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass |  |  | 29,776 |  |  |  | 33,213 |  |  |  | 25,315 |  |  |  | 14,018 |  |  |  | 4,429 |  |  |  | 9,110 |  |  |  | 120,747 |  |  |  | 68 |  |  |  | 236,676 |
Special mention |  |  | — |  |  |  | 113 |  |  |  | 139 |  |  |  | — |  |  |  | 15 |  |  |  | 4 |  |  |  | 1,071 |  |  |  | — |  |  |  | 1,342 |
Substandard or lower |  |  | — |  |  |  | — |  |  |  | 47 |  |  |  | — |  |  |  | 194 |  |  |  | — |  |  |  | 43 |  |  |  | 41 |  |  |  | 325 |
Total Commercial & industrial |  |  | 29,776 |  |  |  | 33,326 |  |  |  | 25,501 |  |  |  | 14,018 |  |  |  | 4,638 |  |  |  | 9,114 |  |  |  | 121,861 |  |  |  | 109 |  |  |  | 238,343 |
Commercial & industrial |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current period gross charge-offs |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 200 |  |  |  | — |  |  |  | 200 |
Commercial real estate - Multifamily |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass |  |  | 14,918 |  |  |  | 80,127 |  |  |  | 50,320 |  |  |  | 18,871 |  |  |  | 6,031 |  |  |  | 8,351 |  |  |  | 298 |  |  |  | — |  |  |  | 178,916 |
Special mention |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Substandard or lower |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 1,872 |  |  |  | — |  |  |  | — |  |  |  | 1,872 |
Total Commercial real estate - Multifamily |  |  | 14,918 |  |  |  | 80,127 |  |  |  | 50,320 |  |  |  | 18,871 |  |  |  | 6,031 |  |  |  | 10,223 |  |  |  | 298 |  |  |  | — |  |  |  | 180,788 |
Commercial real estate - Multifamily |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current period gross charge-offs |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
|  | December 31, 2023 |
|  | Term Loans Amortized Cost Basis by Origination Year |  |  |  |  |  |  |  |  |  |
(In Thousands) |  | 2023 |  |  | 2022 |  |  | 2021 |  |  | 2020 |  |  | 2019 |  |  | Prior |  |  | Revolving loans amortized cost basis |  |  | Revolving loans converted to term |  |  | Total |
Commercial real estate - Owner occupied |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass |  |  | 61,336 |  |  |  | 135,472 |  |  |  | 98,261 |  |  |  | 51,485 |  |  |  | 39,174 |  |  |  | 91,315 |  |  |  | 8,852 |  |  |  | 6 |  |  |  | 485,901 |
Special mention |  |  | — |  |  |  | 377 |  |  |  | 3,125 |  |  |  | — |  |  |  | 6,318 |  |  |  | — |  |  |  | 429 |  |  |  | — |  |  |  | 10,249 |
Substandard or lower |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 626 |  |  |  | 2,408 |  |  |  | 2,391 |  |  |  | 157 |  |  |  | — |  |  |  | 5,582 |
Total Commercial real estate - Owner occupied |  |  | 61,336 |  |  |  | 135,849 |  |  |  | 101,386 |  |  |  | 52,111 |  |  |  | 47,900 |  |  |  | 93,706 |  |  |  | 9,438 |  |  |  | 6 |  |  |  | 501,732 |
Commercial real estate - Owner occupied |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current period gross charge-offs |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Commercial real estate - Non-owner occupied |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass |  |  | 58,335 |  |  |  | 174,248 |  |  |  | 126,009 |  |  |  | 56,468 |  |  |  | 64,301 |  |  |  | 93,193 |  |  |  | 6,376 |  |  |  | 86 |  |  |  | 579,016 |
Special mention |  |  | — |  |  |  | — |  |  |  | 42 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 42 |
Substandard or lower |  |  | — |  |  |  | — |  |  |  | 325 |  |  |  | — |  |  |  | 56 |  |  |  | 1,284 |  |  |  | 249 |  |  |  | — |  |  |  | 1,914 |
Total Commercial real estate - Non-owner occupied |  |  | 58,335 |  |  |  | 174,248 |  |  |  | 126,376 |  |  |  | 56,468 |  |  |  | 64,357 |  |  |  | 94,477 |  |  |  | 6,625 |  |  |  | 86 |  |  |  | 580,972 |
Commercial real estate - Non-owner occupied |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current period gross charge-offs |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Municipal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass |  |  | 529 |  |  |  | — |  |  |  | 420 |  |  |  | 1,675 |  |  |  | — |  |  |  | 2,526 |  |  |  | 94 |  |  |  | — |  |  |  | 5,244 |
Special mention |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Substandard or lower |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Total Commercial real estate - Municipal |  |  | 529 |  |  |  | — |  |  |  | 420 |  |  |  | 1,675 |  |  |  | — |  |  |  | 2,526 |  |  |  | 94 |  |  |  | — |  |  |  | 5,244 |
Municipal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current period gross charge-offs |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Total |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass |  | $ | 230,820 |  |  | $ | 490,320 |  |  | $ | 340,931 |  |  | $ | 150,721 |  |  | $ | 121,498 |  |  | $ | 232,938 |  |  | $ | 155,905 |  |  | $ | 1,506 |  |  | $ | 1,724,639 |
Special mention |  |  | — |  |  |  | 490 |  |  |  | 3,336 |  |  |  | — |  |  |  | 7,144 |  |  |  | 1,210 |  |  |  | 1,935 |  |  |  | — |  |  |  | 14,115 |
Substandard or lower |  |  | 13 |  |  |  | — |  |  |  | 387 |  |  |  | 845 |  |  |  | 2,658 |  |  |  | 8,123 |  |  |  | 509 |  |  |  | 134 |  |  |  | 12,669 |
Total |  | $ | 230,833 |  |  | $ | 490,810 |  |  | $ | 344,654 |  |  | $ | 151,566 |  |  | $ | 131,300 |  |  | $ | 242,271 |  |  | $ | 158,349 |  |  | $ | 1,640 |  |  | $ | 1,751,423 |
|  | December 31, 2023 |
|  | Term Loans Amortized Cost Basis by Origination Year |  |  |  |  |  |  |  |  |  |
(In Thousands) |  | 2023 |  |  | 2022 |  |  | 2021 |  |  | 2020 |  |  | 2019 |  |  | Prior |  |  | Revolving loans amortized cost basis |  |  | Revolving loans converted to term |  |  | Total |
Residential real estate - First liens |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Performing |  | $ | 45,236 |  |  | $ | 99,877 |  |  | $ | 99,972 |  |  | $ | 43,063 |  |  | $ | 23,404 |  |  | $ | 80,456 |  |  | $ | 8,982 |  |  | $ | — |  |  | $ | 400,990 |
Nonperforming |  |  | — |  |  |  | — |  |  |  | 33 |  |  |  | 101 |  |  |  | 208 |  |  |  | 1,101 |  |  |  | — |  |  |  | — |  |  |  | 1,443 |
Total Residential real estate - First liens |  | $ | 45,236 |  |  | $ | 99,877 |  |  | $ | 100,005 |  |  | $ | 43,164 |  |  | $ | 23,612 |  |  | $ | 81,557 |  |  | $ | 8,982 |  |  | $ | — |  |  | $ | 402,433 |
Residential real estate - First liens |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current period gross charge-offs |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Residential real estate - Second liens and lines of credit |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Performing |  |  | 1,207 |  |  |  | 1,818 |  |  |  | 386 |  |  |  | 184 |  |  |  | 336 |  |  |  | 2,270 |  |  |  | 64,396 |  |  |  | — |  |  |  | 70,597 |
Nonperforming |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 150 |  |  |  | — |  |  |  | 150 |
Total Residential real estate - Second liens and lines of credit |  |  | 1,207 |  |  |  | 1,818 |  |  |  | 386 |  |  |  | 184 |  |  |  | 336 |  |  |  | 2,270 |  |  |  | 64,546 |  |  |  | — |  |  |  | 70,747 |
Residential real estate - Second liens and lines of credit |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current period gross charge-offs |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Consumer and other |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Performing |  |  | 5,007 |  |  |  | 437 |  |  |  | 223 |  |  |  | 153 |  |  |  | 73 |  |  |  | 88 |  |  |  | 10,770 |  |  |  | — |  |  |  | 16,751 |
Nonperforming |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 5 |  |  |  | — |  |  |  | 5 |
Total Consumer and other |  |  | 5,007 |  |  |  | 437 |  |  |  | 223 |  |  |  | 153 |  |  |  | 73 |  |  |  | 88 |  |  |  | 10,775 |  |  |  | — |  |  |  | 16,756 |
Consumer and other |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current period gross charge-offs |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 1 |  |  |  | — |  |  |  | 1 |
Total |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Performing |  | $ | 51,450 |  |  | $ | 102,132 |  |  | $ | 100,581 |  |  | $ | 43,400 |  |  | $ | 23,813 |  |  | $ | 82,814 |  |  | $ | 84,148 |  |  | $ | — |  |  | $ | 488,338 |
Nonperforming |  |  | — |  |  |  | — |  |  |  | 33 |  |  |  | 101 |  |  |  | 208 |  |  |  | 1,101 |  |  |  | 155 |  |  |  | — |  |  |  | 1,598 |
Total |  | $ | 51,450 |  |  | $ | 102,132 |  |  | $ | 100,614 |  |  | $ | 43,501 |  |  | $ | 24,021 |  |  | $ | 83,915 |  |  | $ | 84,303 |  |  | $ | — |  |  | $ | 489,936 |
Schedule Of Credit Deteriorated Loans | The Company has purchased loans for which there was, at acquisition, evidence of more than insignificant deterioration of credit quality since origination. The carrying amount of these loans is as follows.
(In Thousands) |  | 2023 |
Purchase price of loans at acquisition |  | $ | 431,600 |
Allowance for credit losses at acquisition |  |  | 4,303 |
Non-credit (discount) premium at acquisition |  |  | (16,981 | )
Par value of acquired loans at acquisition |  | $ | 418,922 |
Summary of Allowances for Loan Losses by Loan Class | The following table summarizes the activity in the allowance for loan losses by loan class for the year ended December 31, 2022.
|  | Agriculture Loans |  |  | Commercial and PPP Loans |  |  | Commercial Real Estate Loans |  |  | Residential Real Estate Loan |  |  | Consumer Loans |  |  | Municipal Loans |  |  | Unallocated Loans |  |  | Total |
(In Thousands) |  | For the Year Ended December 31, 2022 |
Allowance for loan losses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Beginning balance |  | $ | 23 |  |  | $ | 582 |  |  | $ | 799 |  |  | $ | 1,634 |  |  | $ | 22 |  |  | $ | 15 |  |  | $ | 77 |  |  | $ | 3,152 |
Charge-offs |  |  | — |  |  |  | (1 | ) |  |  | — |  |  |  | (3 | ) |  |  | (3 | ) |  |  | — |  |  |  | — |  |  |  | (7 | )
Recoveries |  |  | — |  |  |  | 32 |  |  |  | — |  |  |  | 197 |  |  |  | 2 |  |  |  | — |  |  |  | — |  |  |  | 231 |
Provision |  |  | 10 |  |  |  | (30 | ) |  |  | 1,663 |  |  |  | (292 | ) |  |  | 19 |  |  |  | (3 | ) |  |  | (77 | ) |  |  | 1,290 |
Ending balance |  | $ | 33 |  |  | $ | 583 |  |  | $ | 2,462 |  |  | $ | 1,536 |  |  | $ | 40 |  |  | $ | 12 |  |  | $ | — |  |  | $ | 4,666 |
Summary of Balance of Loans Individually Evaluated vs. Collectively Evaluated for Impairment | The following table illustrates the balance of loans individually evaluated vs. collectively evaluated for impairment at December 31, 2022.
|  | Agriculture Loans |  |  | Commercial and PPP Loans |  |  | Commercial Real Estate Loans |  |  | Residential Real Estate Loan |  |  | Consumer Loans |  |  | Municipal Loans |  |  | Unallocated Loans |  |  | Total |
(In Thousands) |  | As of December 31, 2022 |
Allowance for loan losses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Ending balance |  | $ | 33 |  |  | $ | 583 |  |  | $ | 2,462 |  |  | $ | 1,536 |  |  | $ | 40 |  |  | $ | 12 |  |  | $ | — |  |  | $ | 4,666 |
Ending balance: individually evaluated for impairment |  | $ | — |  |  | $ | 20 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 20 |
Ending balance: collectively evaluated for impairment |  | $ | 33 |  |  | $ | 563 |  |  | $ | 2,462 |  |  | $ | 1,536 |  |  | $ | 40 |  |  | $ | 12 |  |  | $ | — |  |  | $ | 4,646 |
Loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Ending balance |  | $ | 15,591 |  |  | $ | 104,755 |  |  | $ | 540,914 |  |  | $ | 250,832 |  |  | $ | 10,057 |  |  | $ | 5,466 |  |  |  |  |  | $ | 927,615 |
Ending balance: individually evaluated for impairment |  | $ | 300 |  |  | $ | 55 |  |  | $ | 2,306 |  |  | $ | 4,652 |  |  | $ | — |  |  | $ | — |  |  |  |  |  | $ | 7,313 |
Ending balance: loans acquired with deteriorated credit quality |  | $ | — |  |  | $ | — |  |  | $ | 2,227 |  |  | $ | 182 |  |  | $ | — |  |  | $ | — |  |  |  |  |  | $ | 2,409 |
Ending balance: collectively evaluated for impairment |  | $ | 15,291 |  |  | $ | 104,700 |  |  | $ | 536,381 |  |  | $ | 245,998 |  |  | $ | 10,057 |  |  | $ | 5,466 |  |  |  |  |  | $ | 917,893 |
Summary of Activity for Accretable Yield of Purchased Credit-impaired Loans | The following table provides activity for the accretable yield of PCI loans for the year ended December 31, 2022.
(In Thousands) |  | December 31, 2022 |
Accretable yield, beginning of period |  | $ | 307 |
Additions |  |  | — |
Accretion of income |  |  | (151 | )
Reclassifications from nonaccretable difference due to improvement in expected cash flows |  |  | — |
Other changes, net |  |  | (156 | )
Accretable yield, end of period |  | $ | — |
Summary of Classes of the Loan Portfolio Summarized by the Internal Risk Rating System | The following table presents the classes of the loan portfolio summarized by the internal risk rating system as of December 31, 2022:
(In Thousands) |  |  |  |  | Special |  |  |  |  |  |  |  |  |  |
As of December 31, 2022 |  | Pass |  |  | Mention |  |  | Substandard |  |  | Doubtful |  |  | Total |
Agriculture loans |  | $ | 15,291 |  |  | $ | — |  |  | $ | 300 |  |  | $ | — |  |  | $ | 15,591 |
Commercial and PPP |  |  | 101,980 |  |  |  | 2,721 |  |  |  | 54 |  |  |  | — |  |  |  | 104,755 |
Commercial real estate loans |  |  | 533,864 |  |  |  | 2,516 |  |  |  | 4,534 |  |  |  | — |  |  |  | 540,914 |
Residential real estate loans |  |  | 246,028 |  |  |  | 207 |  |  |  | 4,597 |  |  |  | — |  |  |  | 250,832 |
Consumer loans |  |  | 10,057 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 10,057 |
Municipal loans |  |  | 5,466 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 5,466 |
Total |  | $ | 912,686 |  |  | $ | 5,444 |  |  | $ | 9,485 |  |  | $ | — |  |  | $ | 927,615 |
Summary of Impaired Loans | The following tables present the recorded investment and unpaid principal balances for impaired loans and related allowance, if applicable. Also presented are the average recorded investments and the related amount of interest recognized during the time within the period that the impaired loans were impaired.
|  | As of December 31, 2022 |
(In Thousands) |  | Recorded Investment |  |  | Unpaid Principal Balance |  |  | Related Allowance |
With no related allowance recorded: |  |  |  |  |  |  |  |  |
Agriculture loans |  | $ | 300 |  |  | $ | 300 |  |  | $ | — |
Commercial loans |  |  | 35 |  |  |  | 55 |  |  |  | — |
Commercial real estate loans |  |  | 2,306 |  |  |  | 2,312 |  |  |  | — |
Residential real estate loans |  |  | 4,652 |  |  |  | 4,683 |  |  |  | — |
Consumer loans |  |  | — |  |  |  | — |  |  |  | — |
Municipal loans |  |  | — |  |  |  | — |  |  |  | — |
With an allowance recorded: |  |  |  |  |  |  |  |  |
Agriculture loans |  | $ | — |  |  | $ | — |  |  | $ | — |
Commercial loans |  |  | 20 |  |  |  | 20 |  |  |  | 20 |
Commercial real estate loans |  |  | — |  |  |  | — |  |  |  | — |
Residential real estate loans |  |  | — |  |  |  | — |  |  |  | — |
Consumer loans |  |  | — |  |  |  | — |  |  |  | — |
Municipal loans |  |  | — |  |  |  | — |  |  |  | — |
|  |  | — |  |  |  | — |  |  |  | — |
Total |  |  |  |  |  |  |  |  |
Agriculture loans |  | $ | 300 |  |  | $ | 300 |  |  | $ | — |
Commercial loans |  |  | 55 |  |  |  | 75 |  |  |  | 20 |
Commercial real estate loans |  |  | 2,306 |  |  |  | 2,312 |  |  |  | — |
Residential real estate loans |  |  | 4,652 |  |  |  | 4,683 |  |  |  | — |
Consumer loans |  |  | — |  |  |  | — |  |  |  | — |
Municipal loans |  |  | — |  |  |  | — |  |  |  | — |
|  | $ | 7,313 |  |  | $ | 7,370 |  |  | $ | 20 |
|  | For the Year Ended December 31, |
|  | 2022 |
(In Thousands) |  | Average Recorded Investment |  |  | Interest Income Recognized |
With no related allowance recorded: |  |  |  |  |  |
Agriculture loans |  | $ | 200 |  |  | $ | 9 |
Commercial loans |  |  | 39 |  |  |  | — |
Commercial real estate loans |  |  | 2,365 |  |  |  | 125 |
Residential real estate loans |  |  | 4,772 |  |  |  | 159 |
Consumer loans |  |  | — |  |  |  | — |
Municipal loans |  |  | — |  |  |  | — |
|  |  | 7,376 |  |  |  | 293 |
With an allowance recorded: |  |  |  |  |  |
Agriculture loans |  | $ | — |  |  | $ | — |
Commercial loans |  |  | 23 |  |  |  | 1 |
Commercial real estate loans |  |  | — |  |  |  | — |
Residential real estate loans |  |  | — |  |  |  | — |
Consumer loans |  |  | — |  |  |  | — |
Municipal loans |  |  | — |  |  |  | — |
|  |  | 23 |  |  |  | 1 |
Total |  | $ | 7,399 |  |  | $ | 294 |
Summary of Portfolio of Nonaccrual Loans | The following table present nonaccrual loans by classes of the loan portfolio:
(In Thousands) |  | December 31, 2022 |
Commercial and PPP loans |  | $ | 35 |
Commercial real estate loans |  |  | 231 |
Residential real estate loans |  |  | 1,652 |
Total |  | $ | 1,918 |

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